Deep-dive 2020-5: CNOOC Ltd
CNOOC Ltd (883 HK) a.k.a. "China National Offshore Oil Corporation" is one of the largest oil exploration and production companies in Asia. It remains a pure play upstream oil company with a high beta to crude oil prices. Bernstein calls CNOOC "Asia's largest and best managed E&P company... delivering exceptional production growth (with no dilution to e…
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